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TTF NATGAS TECHS: (V4) Bear Threat Remains Present 

TTF NATGAS TECHS
Energy BulletsBulletPower BulletsEnergy Technical AnalysisCommodities
  • RES 4: €43.52 - High Aug 12 and the bull trigger 
  • RES 3: €41.20 - High Aug 13 / 19
  • RES 2: €40.33 - High Aug 30 and a key resistance
  • RES 1: €37.90 - High Sep 10       
  • PRICE: €35.46 @ 13:22 BST Sep 13
  • SUP 1: €34.67 - Low Seop 11     
  • SUP 2: €34.39 - Low Jul 29
  • SUP 3: €32.88 - Low Jul 11 and a key support
  • SUP 4: €31.56 - Low May 13    

A bearish theme in TTF Gas futures remains intact and the contract continues to trade closer to its recent lows. A resumption of the downtrend would open the next key support at €32.88, the Jul 11 low. For bulls, short-term resistance has been defined at €37.90, Tuesday’s intraday high. Clearance of this level would refocus attention on the key resistance at €40.33, Aug 30 high.

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  • RES 4: €43.52 - High Aug 12 and the bull trigger 
  • RES 3: €41.20 - High Aug 13 / 19
  • RES 2: €40.33 - High Aug 30 and a key resistance
  • RES 1: €37.90 - High Sep 10       
  • PRICE: €35.46 @ 13:22 BST Sep 13
  • SUP 1: €34.67 - Low Seop 11     
  • SUP 2: €34.39 - Low Jul 29
  • SUP 3: €32.88 - Low Jul 11 and a key support
  • SUP 4: €31.56 - Low May 13    

A bearish theme in TTF Gas futures remains intact and the contract continues to trade closer to its recent lows. A resumption of the downtrend would open the next key support at €32.88, the Jul 11 low. For bulls, short-term resistance has been defined at €37.90, Tuesday’s intraday high. Clearance of this level would refocus attention on the key resistance at €40.33, Aug 30 high.